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Charlie Sheen Set to Buy Mike Medavoy's Beverly Hills Home

Updated March 4, 2011 12:01 a.m. ET

Charlie Sheen is in escrow to purchase a home in the same Beverly Hills, Calif.-area neighborhood in which he lives, according to people familiar with the matter.

The home, which is listed for $7.5 million, is currently owned by Mike Medavoy, chief executive of Phoenix Pictures and producer of films like "Black Swan." Mr. Medavoy purchased the home several months ago for $6 million, according to public records.